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One-Two-Go to suspend operations for eight-week period; undertaking financial restructure

21-Jul-2008

One-Two-Go, Thailand’s first LCC (albeit not with a classic model), announced (19-Jul-08) plans to suspend operations for eight weeks (22-Jul-08 to 15-Sep-08), to allow time for financial restructuring. Following the announcement, the Thai Transport Ministry ordered One-Two-Go to suspend services for 30 days, due to safety concerns. [931 words]

Unlock the following content in this report:

Subheadings:

  • Domestic fares “irrational”
  • Nok Air salvation plan keeps airline operational; but future in doubt if oil exceeds USD160/barrel mark
  • Thai AirAsia expects loss in 2008; but likely to expand and benefit from current market challenges

Graphs and data:

  • One-Two-Go weekly capacity (seats): Week commencing 21-Jul-08
  • Thailand domestic capacity share (seats): Week of 21-Jul-08  
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